TowerGroup Survey: Firms Prep Corp Actions Technology Improvements

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Initiatives to improve corporate actions processing are expected to grow in the coming years, according to preliminary results from the 2010 TowerGroup Operational Risk Assessment Survey.

Twenty five percent of the investment management institutions surveyed by TowerGroup in 2010 identified the corporate actions function as having the highest level of operational risk within their  organization, and more than half of participants said they want to improve their corporate actions processes.

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